Filed May 28, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
ADP BROKER-DEALER4+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $17,399 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $33,396 | $98,982-66.3% | $162,185-79.4% | $65,186-48.8% |
| Participation rate | 93.2% | 85.8%+7.5pp | 87.6%+5.7pp | 70.2%+23.0pp |
| Annual return | 24.71% | 24.84%-0.1pp | 115.61%-90.9pp | 29.39%-4.7pp |
| Employer contribution / active EE | $2,689 | $3,467-22.4% | $5,613-52.1% | $2,177+23.5% |
| Participant deferral / active EE | $2,233 | $5,384-58.5% | $7,297-69.4% | $3,514-36.4% |
| Admin fee / account holder | $116 | $596-80.5% | $10,844-98.9% | $847-86.3% |